Filed January 5, 2021
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Participant contribution per participant is in the bottom quintile of the peer cohort.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $36,121 | $197,637-81.7% | $177,848-79.7% | $158,982-77.3% |
| Participation rate | 85.0% | 88.5%-3.5pp | 87.7%-2.7pp | 82.0%+3.0pp |
| Annual return | 8.05% | 58.77%-50.7pp | 48.33%-40.3pp | 302.99%-294.9pp |
| Employer contribution / active EE | $2,482 | $6,698-62.9% | $5,919-58.1% | $4,763-47.9% |
| Participant deferral / active EE | $1,749 | $8,405-79.2% | $7,714-77.3% | $5,983-70.8% |
| Admin fee / account holder | $15,093 | $15,406-2.0% | $12,431+21.4% | $11,252+34.1% |